Initial Contract Duration Sample Clauses

The Initial Contract Duration clause defines the specific period during which the contract will remain in effect from its commencement date. Typically, this clause states the exact start and end dates or specifies a fixed term, such as one or two years, after which the contract may expire or be subject to renewal. By clearly establishing the initial timeframe of the agreement, this clause ensures both parties understand their obligations and the expected length of their commitment, thereby reducing uncertainty and potential disputes over contract validity.
Initial Contract Duration six (6) years, unless the University determines that it is in its best interest to offer an initial contract with a three (3) to five (5) year duration.
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Initial Contract Duration three (3) years, unless the University determines that an initial term of four (4) or five (5) years is appropriate or warranted. The reason for a longer initial term shall be provided to the UFF upon request.
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Related to Initial Contract Duration

  • Contract Duration This contract shall commence with the date this contract was entered into and shall expire on August 31, 2022. No new projects may be assigned on or after the expiration date, but all projects assigned prior to the expiration date will be allowed to continue to completion with all the terms and conditions of this contract herein set forth remaining in full force and effect. The term of this contract may be extended in writing by the Commissioner.

  • Initial Contract Term The Initial Contract Term shall be for two years. The Initial Contract Term shall begin on October 1, 2021, or on the last date the Contract is signed by all Parties, whichever is later. The Contract shall expire on October 1, 2023, unless terminated earlier in accordance with the Special Contract Conditions or Additional Special Contract Conditions.

  • ADDITIONAL SPECIAL CONTRACT CONDITIONS Special Contract Conditions revisions: the corresponding subsections of the Special Contract Conditions referenced below are replaced in their entirety with the following:

  • CONTRACT DATE The date the Contract begins. The Contract Date is shown on page 3.

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.